Integrated Investment Consultants LLC Raises Stake in LPL Financial Holdings Inc. (NASDAQ:LPLA)

Integrated Investment Consultants LLC increased its stake in shares of LPL Financial Holdings Inc. (NASDAQ:LPLA) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,465 shares of the financial services provider’s stock after buying an additional 262 shares during the period. Integrated Investment Consultants LLC’s holdings in LPL Financial were worth $2,437,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new stake in shares of LPL Financial during the 3rd quarter worth approximately $31,000. Paladin Wealth LLC purchased a new position in LPL Financial in the third quarter valued at approximately $34,000. Brooklyn Investment Group bought a new position in LPL Financial during the third quarter valued at $43,000. First Horizon Advisors Inc. increased its position in LPL Financial by 32.3% in the third quarter. First Horizon Advisors Inc. now owns 385 shares of the financial services provider’s stock worth $90,000 after buying an additional 94 shares during the last quarter. Finally, Quarry LP raised its stake in shares of LPL Financial by 45.3% in the second quarter. Quarry LP now owns 327 shares of the financial services provider’s stock valued at $91,000 after buying an additional 102 shares during the period. Institutional investors own 95.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Barclays increased their price target on LPL Financial from $378.00 to $379.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. StockNews.com raised LPL Financial from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Wells Fargo & Company lifted their target price on LPL Financial from $310.00 to $390.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. The Goldman Sachs Group increased their price target on shares of LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. upgraded shares of LPL Financial from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $288.00 to $397.00 in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $351.50.

Insider Activity at LPL Financial

In other news, Director Aneri Jambusaria sold 305 shares of LPL Financial stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $331.94, for a total value of $101,241.70. Following the sale, the director now directly owns 3,920 shares in the company, valued at approximately $1,301,204.80. This trade represents a 7.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

LPL Financial Price Performance

Shares of LPL Financial stock opened at $348.93 on Friday. The business’s 50-day moving average price is $327.62 and its 200-day moving average price is $267.93. The firm has a market capitalization of $26.13 billion, a PE ratio of 26.24, a price-to-earnings-growth ratio of 1.03 and a beta of 0.87. LPL Financial Holdings Inc. has a 12 month low of $187.19 and a 12 month high of $350.38. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share for the quarter, topping analysts’ consensus estimates of $3.69 by $0.47. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.04 billion. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the business posted $3.74 EPS. Sell-side analysts forecast that LPL Financial Holdings Inc. will post 16.07 EPS for the current fiscal year.

LPL Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Stockholders of record on Thursday, November 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend was Thursday, November 14th. LPL Financial’s dividend payout ratio is 9.02%.

LPL Financial Company Profile

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.